Regulation 28 Amendment of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996

in the definition of “prospective member" for “and the scheme rules" there shall be substituted “ or the scheme rules or both ”; and

the following paragraph shall be added at the end of the definition of “ tax-approved schemes ”

“(c)

approved by the Commissioners of the Inland Revenue under Chapter IV of Part XIV of that Act;”.

in paragraph (1) for the words “paragraphs (2) and (3)" there shall be substituted “ paragraphs (2), (3) and (3A) ”; and

after paragraph (3) there shall be inserted—

“(3A)

In the case of a scheme which is a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999, regulation 5 shall have effect as if paragraph (5) were omitted.”

at the beginning of paragraph (5) for “In" there shall be substituted “ Subject to paragraph (3A) of regulation 2, in ”; and

the following paragraph shall be inserted after paragraph (10)—

“(11)

Where a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999 is removed from the register of such schemes kept under section 2 of that Act the trustees shall within 2 weeks of being notified of that removal inform each member of the scheme except an excluded person that the scheme has been removed from the register of stakeholder pension schemes and is no longer a stakeholder pension scheme, and that it is required to commence winding-up under the scheme rules.”.